Japan’s Nikkei buys Financial Times in $1.3 billion deal

Japanese media group Nikkei agreed on Thursday to buy the Financial Times from Britain’s Pearson (PSON.L) in a $1.3 billion deal that brings together two of the leading financial news operations from Europe and Asia.

The deal marks the biggest acquisition by a Japanese media organization and is a coup for Nikkei, an employee-owned firm which also lends its name to the main Japanese stock market index.

In the Financial Times it has acquired a title that was established in 1884 and which was first printed on pink paper in 1893 to stand out from rivals. It has been owned by Pearson for nearly 60 years. Read more